Page 373 - MOE ENGLISH PR REPORT - APRIL 2025 (Part 1)

4/23/25, 3:26 PM UAE foreign trade hits $1.42 trillion in 2024 despite global uncertainties | The National
UAE foreign trade hits $1.42

trillion in 2024 despite global

uncertainties

The UAE's trade surplus touched $134 billion last year. The Arab world's second-largest

economy prioritised openness, connectivity and free flow of trade

Fareed Rahman
April 20, 2025

Foreign trade of the UAE was worth Dh5.23 trillion ($1.42 trillion) last year, a 49
per cent jump from the levels achieved in 2021 as the Arab world's second largest

economy continues to forge trade partnerships despite uncertainties that mar the

global trade.

The Emirates achieved a total trade surplus of Dh492.3 billion in 2024 as the

country's exports exceeded imports in the 12 months to the end of December, the

UAE Government Media Office said on Sunday, quoting data from the latest World

Trade Organisation report.

Merchandise exports during the past year reached Dh2.22 trillion, while service

exports totalled Dh646.6 billion, with the UAE ranked 11th globally in merchandise

exports and 13th in services exports, according to the WTO's World Trade Outlook

and Statistics, report.

The country's merchandise imports totalled Dh1.98 trillion last year, while service

imports reached Dh389.4 billion. The UAE also accounted for 41.4 per cent of the

Middle East’s total merchandise exports in 2024.

“In a world of economic and trade challenges, the UAE has prioritised openness,

connectivity, and the free flow of trade, capital, and people, establishing itself as a

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